credit

Your Credit Score & Your Auto Loan: 4 Things You Can Do To Get A Better Interest Rate
Your Credit Score & Your Auto Loan: 4 Things You Can Do To Get A Better Interest Rate

Have you been thinking about buying a car? Whether you're in the market for a brand new ride or something slightly used, now could be a good time to act. If you're a new-car fan, you know that most 2015 models have either rolled into showrooms or will soon be on their way. If you're a used-car fan...Read More»

Money and car keys
Subprime Set: Top Ten Cars Bought By Those With Low Credit Scores

You’ve likely all seen the late-night TV ads from used-car lots—pushing loans for which they say anyone with a job can qualify. But hold on; don't yet sign your life's possessions over on contingency to some guy in a Hawaiian shirt who says he is the bank. Even if you have a blemished...Read More»

Auto loan
Are America's Auto Lenders Discriminating Against Minorities?

In 1974, the United States enacted the Equal Credit Opportunity Act, which "prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance." But nearly 40 years after that law went into effect, some institutions...Read More»

Auto loan
Americans Are Keeping Up On Car Payments Despite Easy Credit

One of the major contributing factors to the Great Recession was the U.S. credit crunch. For years, banks had been loaning money to many people who probably shouldn't have been taking on additional debt. When the economy began tanking, a significant number of those consumers defaulted on their...Read More»

Auto loan
Car Loans Are Easier To Find: Should We Be Worried?

A big part of the auto industry's troubles during the Great Recession were tied to the credit crunch. After the banks failed, it became much harder for consumers to secure credit, and without credit, many shoppers found themselves unable to finance new or used cars. However, a report from Experian...Read More»

2011 Ford Fiesta
Smart Car Shopping: Knowing Your Credit Score Is Not Enough

Savvy car shoppers--and experts on savvy car shopping--recommend that consumers know their credit score before they walk into a car dealership. Why? To stop dealers from padding the interest rate on car loans. When that happens, it increases the dealership’s profit, but that profit comes...Read More»

Sleazy Car Salesman
Feds Host Roundtables, Launch Investigation Into Dealer Practices

With the price of a new car averaging more than $28,000 and the average dealer-sold used car running around $14,000, most vehicle shoppers opt to either finance or lease. While dealer-arranged financing is certainly more convenient, it's not always fair, and it's not always straightforward. And...Read More»

money
Fewer Auto-Insurance Claims In 2010, Yet Premiums Are Rising

After average auto-insurance premiums for U.S. families have fallen for five straight years through 2009, they're back on the rise. Premiums were up slightly in some parts of the country in 2010, and that goes against a host of indicators that you think would actually be lowering them. According to...Read More»

money
Experian: Auto Credit Continuing To Loosen, Loan Amounts Up

To get the vehicle you want, and the right credit terms, having a high credit score has been extremely important over the past couple of years. With credit tight, lots of consumers who would have been green-lighted in the past have been simply turned away—or pointed toward high-risk lenders...Read More»

money
Auto Lenders Warming Up To Lower Credit Ratings

If you've been to the dealership earlier this year and weren't at all pleased with the finance terms offered, you might want to give it another try. Auto lenders are loosening up once again, especially on new-car loans, and have started to extend loans to those with more blemished credit histories...Read More»

GM Renaissance Center American flag
As GM Dips Back Into Subprime Lending, Will The Deals Get Better?

General Motors today acquired subprime lender AmeriCredit, as part of a $3.5 billion deal that will help extend loans and leases to those with blemished credit. Before you say "here we go again" and work yourself into a frenzy thinking that government-owned GM shouldn't go into the business of...Read More»

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